Efforts to Mitigate Counterfeit Postage

Counterfeiters hurt businesses’ bottom lines and the Postal Service is often a target. Over the past year, our auditors issued two reports and three management alerts reviewing how fake postage labels and stamps defraud the Postal Service, identifying almost $5.8 billion in revenue loss.In this episode, we sit down with auditor and avid stamp collector Tasos Kalfas from the OIG’s Office of Audit tounpack his team’s latest report, Efforts to Mitigate Counterfeit Postage.You’ll hear about significant gaps in the Postal Service’s ability to detect and intercept fraudulent package labels. We’ll also explore how fraudsters have evolved their tactics, where detection controls have fallen short, and what the OIG recommends to strengthen safeguards for both the Postal Service and its customers.